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Nov 22, 2012 4:30pm PST
chief investment officer of morgan stanley smith barney. >> you need to respect more volatility, further volatility and possibly more volatility in equity markets because the fiscal cliff issue won't get resolved any time soon. our congress is in session for only about a week-and-a-half. it's probably going to take all that time for the president and the congress to agree on a deal on the fiscal cliff which we think they will because if they don't, then you have the potential of slipping into recession which is bad for a politician. >> susie: but if there isn't a deal how are investors going to respond? do you think they're just going to stay on the side lines and wait and see? >> well, if there is not a deal then play the movie forward. you get a sharp sell-off in equity. that forces politicians to then come back to the table and to conclude a deal. that's not the way you want to end there. you would rather end a different way. one way or another you end up with a resolution on the fiscal cliff which means the u.s. economy does not dip into recession. we continue to grow profit
Search Results 0 to 1 of about 2 (some duplicates have been removed)